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If the No. 1 priority for retailers during the height of the pandemic in 2020 was to stay open, since 2021 it has been how many shops to keep open and where.
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According to NIQ, 44% of South African consumers feel they are in a worse financial position this year compared to a year ago.
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Amazon has launched Amazon.co.za, today, 7 May, giving South Africans a new online shopping experience with a selection of local and international brands across 20 different product categories.
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South African retailers have arrived at an e-commerce crossroads
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South Africans continue to embrace online shopping, particularly in the fashion and apparel category, where local fashion e-tailers and international fashion ecommerce giants are capturing an increasing amount of consumer spend.
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There’s money to be made in resale for companies that know how to do it right. Wharton’s Thomas Robertson offers guidance and explains why the resale market is red hot.
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While retail sales in South Africa stagnate and even decline, online shopping has proved to be the light at the end of the tunnel for the sector.
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According to a new report from Accenture, 95% of South African leaders (vs 83% globally) think that ecommerce is growing faster than they can adapt, and are finding it costly to be where customers are.
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According to NIQ’s full-year numbers for 2023, modern trade within South Africa’s fast-moving consumer goods (FMCG) sector is worth around R452 billion a year and is growing at around 8.8% a year.
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The online store that took South Africa by storm has raised numerous questions in consumers’ minds.
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